Question

In how many months will $1400 earn $100.50 at rate of 7.5%?​

Answer 1

Answer:

Time = 1 year = 12 months

[MARK THE ANSWER AS BRAINLIEST]

Step-by-step explanation:

Interest = 100.50

Principal = 1400

Rate = 7.5%

$i = \frac{p \times t \times r}{100} \\ t = \frac{i \times 100}{p \times r} = \frac{100.50 \times 100}{1400 \times 7.5} =1 \: year$

Answer 2

Answer:

12 months

Step-by-step explanation:

Time = 1 year

Hope it helps